State of Wisconsin Investment Board Purchases 50,100 Shares of Spire Inc (NYSE:SR)

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State of Wisconsin Investment Board lifted its position in shares of Spire Inc (NYSE:SR) by 45.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,300 shares of the utilities provider’s stock after purchasing an additional 50,100 shares during the quarter. State of Wisconsin Investment Board’s holdings in Spire were worth $13,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in SR. JOYN Advisors Inc. grew its holdings in shares of Spire by 115.3% during the 4th quarter. JOYN Advisors Inc. now owns 407 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 218 shares in the last quarter. Resources Investment Advisors Inc. acquired a new stake in shares of Spire during the 4th quarter worth approximately $37,000. Clarus Wealth Advisors acquired a new stake in shares of Spire during the 4th quarter worth approximately $44,000. Lindbrook Capital LLC acquired a new stake in shares of Spire during the 4th quarter worth approximately $65,000. Finally, Truehand Inc acquired a new stake in shares of Spire during the 4th quarter worth approximately $107,000. 79.15% of the stock is currently owned by institutional investors.

Shares of SR stock opened at $85.13 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4.23 billion, a P/E ratio of 22.88, a P/E/G ratio of 4.52 and a beta of 0.24. Spire Inc has a one year low of $64.95 and a one year high of $87.13.

Spire (NYSE:SR) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $2.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.27. The business had revenue of $803.50 million for the quarter, compared to analyst estimates of $795.74 million. Spire had a return on equity of 8.05% and a net margin of 11.12%. Spire’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.83 EPS. Research analysts expect that Spire Inc will post 3.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 11th will be paid a $0.5925 dividend. This represents a $2.37 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, June 10th. Spire’s dividend payout ratio is 63.71%.

In related news, Director Edward L. Glotzbach purchased 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average price of $26.00 per share, with a total value of $208,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.

Several analysts have recently weighed in on SR shares. Wells Fargo & Co lowered Spire from an “outperform” rating to a “market perform” rating and set a $92.00 price objective on the stock. in a report on Friday, May 24th. They noted that the move was a valuation call. Credit Suisse Group set a $75.00 price target on Spire and gave the company a “sell” rating in a research note on Monday, April 22nd. Morgan Stanley set a $80.00 price target on Spire and gave the company a “sell” rating in a research note on Thursday, May 16th. Finally, Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $80.43.

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About Spire

Spire Inc, through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

Read More: Equity Income

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Institutional Ownership by Quarter for Spire (NYSE:SR)

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